CarMax, Inc. (NYSE:KMX) Shares Purchased by Natixis Advisors L.P.

Natixis Advisors L.P. boosted its stake in shares of CarMax, Inc. (NYSE:KMX) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 103,814 shares of the company’s stock after purchasing an additional 4,355 shares during the quarter. Natixis Advisors L.P.’s holdings in CarMax were worth $7,966,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of KMX. New York Life Investment Management LLC lifted its position in CarMax by 3.3% in the fourth quarter. New York Life Investment Management LLC now owns 42,816 shares of the company’s stock valued at $3,286,000 after buying an additional 1,363 shares during the last quarter. Victory Capital Management Inc. raised its position in CarMax by 64.4% in the fourth quarter. Victory Capital Management Inc. now owns 52,901 shares of the company’s stock valued at $4,060,000 after purchasing an additional 20,718 shares during the period. Waycross Partners LLC acquired a new position in CarMax during the fourth quarter worth $1,535,000. Savant Capital LLC boosted its position in shares of CarMax by 154.6% during the fourth quarter. Savant Capital LLC now owns 10,476 shares of the company’s stock worth $804,000 after buying an additional 6,361 shares during the period. Finally, Auxano Advisors LLC acquired a new stake in shares of CarMax in the fourth quarter valued at $761,000.

CarMax Trading Up 1.0 %

NYSE:KMX opened at $71.05 on Friday. CarMax, Inc. has a 1 year low of $59.66 and a 1 year high of $88.22. The stock has a market cap of $11.18 billion, a P/E ratio of 23.45, a P/E/G ratio of 1.15 and a beta of 1.64. The company has a debt-to-equity ratio of 2.96, a quick ratio of 0.67 and a current ratio of 2.26. The stock has a 50-day simple moving average of $77.10 and a 200-day simple moving average of $72.23.

CarMax (NYSE:KMX) last posted its earnings results on Thursday, April 11th. The company reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.13). The firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $5.76 billion. CarMax had a return on equity of 7.26% and a net margin of 1.81%. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 EPS. As a group, analysts anticipate that CarMax, Inc. will post 3.27 earnings per share for the current fiscal year.

Insider Transactions at CarMax

In related news, EVP Diane L. Cafritz sold 15,356 shares of CarMax stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $69.53, for a total value of $1,067,702.68. Following the transaction, the executive vice president now directly owns 6,977 shares in the company, valued at approximately $485,110.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.66% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on KMX. Mizuho decreased their target price on CarMax from $80.00 to $75.00 and set a “neutral” rating on the stock in a research note on Friday, April 12th. Evercore ISI dropped their price objective on shares of CarMax from $85.00 to $74.00 and set an “in-line” rating for the company in a report on Friday, April 12th. JPMorgan Chase & Co. reduced their target price on shares of CarMax from $60.00 to $55.00 and set an “underweight” rating on the stock in a report on Monday, April 15th. StockNews.com upgraded shares of CarMax to a “sell” rating in a research note on Monday, April 22nd. Finally, Truist Financial reduced their price objective on CarMax from $75.00 to $72.00 and set a “hold” rating on the stock in a research note on Friday, April 12th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $77.42.

About CarMax

CarMax, Inc, together with its subsidiaries, operates as a retailer of used vehicles in the United States. It operates in two segments, CarMax Sales Operations and CarMax Auto Finance. The company offers customers a range of makes and models of used vehicles, including domestic, imported, and luxury vehicles, as well as hybrid and electric vehicles; and extended protection plans to customers at the time of sale, as well as sells vehicles that are approximately 10 years old and has more than 100,000 miles through wholesale auctions.